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Petroleum Engineer Salary in Omaha, NE

How much does a petroleum engineer make in Omaha? Explore median, entry-level, and senior salaries adjusted for Omaha's cost of living.

Median Salary
$107,250
per year in Omaha
Entry Level
$65,356
Starting salary
Senior Level
$146,631
Experienced professionals
Cost of Living
95
5% below national avg

Salary Breakdown by Experience Level

See how petroleum engineer salaries break down across different pay periods in Omaha.

PeriodEntry LevelMedianSenior
Annual$65,356$107,250$146,631
Monthly$5,446$8,938$12,219
Biweekly$2,514$4,125$5,640
Weekly$1,257$2,063$2,820
Hourly$31$52$70

Omaha vs National Average

How Omaha's petroleum engineer salaries compare to national figures.

Omaha Salary
$107,250
COL Index: 95
National Average
$103,200
COL Index: 100
Difference
+$4,050
Higher in Omaha

Cost of Living in Omaha

1-Bedroom Rent
$1,250
per month
Median Income
$55,234
per year
Population
468,062
residents
Rent % of Income
27.2%
median household
Cost of Living Index: 95 — A score of 100 represents the U.S. average. Salaries in Omaha have been adjusted to account for local cost differences.

About Petroleum Engineer

Overview

Design and develop oil and gas extraction and processing systems.

Education

Bachelor's degree in Petroleum Engineering; PE license recommended

Key Skills

Reservoir EngineeringDrillingProduction SystemsCost Analysis

Growth Rate

Expected job growth: +15% over the next decade

Compare Cities: Petroleum Engineer Salary

See Petroleum Engineer salaries in other top cities.

New York, NY
$241,230
+125%
Los Angeles, CA
$161,320
+50%
Chicago, IL
$121,363
+13%
Houston, TX
$159,990
+49%
Phoenix, AZ
$102,942
-4%

Financial Tools to Explore

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Petroleum Engineer Salary in Omaha, NE — Complete Guide

Median Salary Overview

The median salary for a petroleum engineer in Omaha, NE is $107,250 per year, adjusted for the local cost of living index of 95. This figure reflects typical earnings for experienced professionals in this role, considering Omaha's unique economic conditions.

Salary Range and Experience Levels

Entry-level petroleum engineer professionals in Omaha can expect to earn around $65,356 annually. As professionals gain experience, salaries typically increase, with senior-level petroleum engineers earning approximately $146,631 per year. This represents a 124% increase from entry to senior level.

Cost of Living Adjustment

Omaha's cost of living index of 95 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Omaha are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $103,200, the actual purchasing power must be considered in context.

Housing and Affordability

A significant portion of a petroleum engineer's salary in Omaha typically goes toward housing. With a 1-bedroom apartment averaging $1,250 per month, housing represents about 14.0% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.

Career Growth and Opportunities

Petroleum Engineers are in growing demand across the United States, with an expected job growth of 15% over the next decade. In Omaha, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.